LENDCO LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +31.3%

  £58,824,167 → £77,236,998

• Cash

  -49.3%

  £10,009,720 → £5,076,775

• Net assets

  +31.1%

  £15,888,247 → £20,824,880

• Employees

  +20.6%

  34 → 41

• Operating profit

  -5%

  £6,928,846 → £6,582,178

• Profit before tax

  -5%

  £6,928,846 → £6,582,178

• Wages

  +25.3%

  £2,417,821 → £3,028,482

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. LENDCO LIMITED 2018-04-26 → present
2. ATLAS PROPERTY FINANCE LTD 2018-01-30 → 2018-04-26

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have concluded that the Group has adequate resources to meet its liabilities as they fall due for at least 12 months from the date of signing these financial statements.”

Group structure

1. LENDCO LIMITED · parent
   1. Lendco Mortgage Servicing Limited

Significant events

• “The special purpose vehicles, Talworth Ltd and Talworth No.3 Ltd, disposed of £317m BTL loans in April 2025 as part of a planned securitisation, namely Atlas Funding 2025-1 Plc, using the proceeds in turn to substantially repay its Senior and Junior debt obligations at the same time.”
• “There has been 1 further issuance under the MTN Bond Programme run by LGB. The fourth issuance of £2.5m was received in March 2025 whilst the previous issuance of £1.75m was repaid and settled in April 2025.”
• “Talworth No.3 Ltd agreed and signed an amendment to the Senior Loan Facility on 4 February 2025, the primary change of which allows the warehouse special purpose vehicle to provide secured property bridge lending.”
• “The Bank of England implemented two reductions in the base rate, from 4.75% to 4.50% in February 2025 and 4.50% to 4.25% in May 2025. As a result of this and market resilience despite macroeconomic factors, swap rates have been steadily driving a reduction in mortgage rates from lenders.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.